An Olathe business owner who pleaded guilty to tax evasion faces up to five years in federal prison for failing to pay more than $370,000 to the IRS.

Marcos Bowman, the proprietor of BCK Drywall, admitted in his plea that he avoided filing tax returns for 2007-2009 even though his gross receipts for commercial drywall work totaled more than $7.9 million, U.S. Attorney Barry Grissom said in a news release Wednesday. Bowman, 41, failed to pay the $373,473 bank records and other sources show he owed the IRS during those years, leading to the charge.

Grissom said Bowman paid for personal expenses out of his company’s bank account, bought numerous vehicles for a girlfriend and paid a woman to buy a $355,000 house and then transfer the property to his children’s mother. He also failed to send tax forms to subcontractors so they could accurately report their pay to the IRS.

Sentencing is set for June 17. Bowman faces the prison term plus a $250,000 maximum fine, Grissom said.